Caesars Entertainment Vice Chair Don Kornstein Set to Retire at Year-End
Caesars Entertainment has confirmed that Don Kornstein will step down from his position as Vice Chair of the Board. The resignation takes effect on December 31, 2025. Kornstein spent over a decade working within the governance structures of the casino operator. His departure will result in a reduction of the total number of board members.
Tenure and Merger Influence
Kornstein served for 12 years across various boards associated with the Caesars brand. His work covered specific strategic projects and operational oversight. He played a primary role in the combination of Caesars and Eldorado Resorts.
This transaction created the current corporate structure of the company. Kornstein stated that his involvement in conceiving and completing that deal was a key part of his service.
Following his exit, Caesars does not plan to fill the vacant seat immediately. The company expects the size of the Board of Directors to decrease to 11 members. This change alters the balance of the group responsible for steering the company.
Executive Reactions
Company leadership addressed the announcement with statements on Kornstein’s influence. Gary Carano, Executive Chairman at Caesars Entertainment, recognized the stewardship provided during Kornstein’s time in office.
“On behalf of the entire board, we thank Don for his many important contributions, dedication and stewardship, and we wish him well in his future endeavors,” said Carano.
Tom Reeg, the Chief Executive Officer, also commented on the departure. He noted the advice Kornstein offered on internal matters.
“Don has had a tremendous impact on Caesars, which is highlighted by his leadership and wise counsel relating to company and board matters,” said Reeg. “On behalf of the entire executive management team, we thank Don for his many valuable contributions and wish him well.”
Kornstein explained his decision to leave, citing the current state of the company and his past work with the management team.
“After 12 years of active participation on the various Caesars entity boards, oversight of several strategic initiatives and the current focus on operations, I’ve decided the timing is right for this personal decision,” said Kornstein. “As an instrumental participant in the conception and completion of the merger between Caesars and Eldorado, I’ve enjoyed and will always appreciate the collaboration with Tom, the board and executive management in furtherance of the combined company’s strategic goals.”
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